Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 06340, Connecticut?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 06340, Connecticut (ZIP 06340) is $1,599/month (±$56), based on Census ACS 5-Year estimates (2024). The median home value is $294,700 (±$19,934), and the median household income is $81,792/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 06340
| Metric | Value |
|---|---|
| Median Gross Rent | $1,599 |
| Median Home Value | $294,700 |
| Median Household Income | $81,792 |
| Total Housing Units | 12,879 |
| Renter-Occupied Units | 7,148 |
| Renter-Occupied Share | 56% |
| Households Paying 50%+ Income | 1,710 households |
How does ZIP 06340 compare?
Median gross rent ranked against all ZIP codes in Connecticut.
Higher rent than 60% of ZIP codes in Connecticut · 99th of 247
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 06878 | $3,501 |
| 1 | ZCTA5 06883 | $3,501 |
| 1 | ZCTA5 06481 | $3,501 |
| … 95 more … | ||
| 99 | ZCTA5 06340(you are here) | $1,599 |
| … 145 more … | ||
| 245 | ZCTA5 06750 | $703 |
| 246 | ZCTA5 06757 | $687 |
| 247 | ZCTA5 06762 | $398 |
Geography
ZIP 06340 is in New London County, Connecticut.
It covers part of Conning Towers-Nautilus Park CDP city, Connecticut.
More data for ZCTA5 06340
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in ZCTA5 06340, Connecticut?
The median gross rent in ZCTA5 06340, Connecticut (ZIP 06340) is $1,599/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 06340, Connecticut?
The median rent for a 2-bedroom in ZCTA5 06340, Connecticut is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 06340, Connecticut?
The median home value in ZCTA5 06340, Connecticut (ZIP 06340) is $294,700 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 06340 are rent-burdened?
In ZCTA5 06340, Connecticut, 1,710 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 06340, Connecticut?
The median household income in ZCTA5 06340, Connecticut is $81,792/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,599 has a margin of error of ±$56. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free